CP Rail CEO downplays impact of U.S.-China trade war [Toronto Globe and Mail (Ontario, Canada)]
Canadian Pacific Kansas City Limited Common Shares (CP)
Last canadian pacific kansas city limited common shares earnings: 4/21 04:24 pm
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Source: Toronto Globe and Mail
Canadian Pacific Railway Ltd. is downplaying the potential negative impact on its operations from a trade war between the United States and China. China accounts for 12 per cent of North American revenues, with direct business between the world’s two largest economies coming in at less than five per cent, analysts were told during a conference call Thursday about its third-quarter results. “We’re just a business that’s getting tossed around a bit with this China connection being overemphasized in the marketplace,” said chief executive Keith Creel. Story continues below advertisement Chief marketing officer John Brooks said trade tensions and the imposition of hefty import tariffs by both sides have prompted international customers to start to pull forward some of their business. The impact is mainly felt from some Vancouver imports and U.S. grain exports from the Midwest. “But outside of that, we’re pretty resilient in that space.
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News
- Canadian Pacific Kansas City Limited (NYSE: CP) had its price target lowered by analysts at Stifel Nicolaus from $83.00 to $82.00. They now have a "hold" rating on the stock.MarketBeat
- Canadian Pacific Kansas City Limited (NYSE: CP) had its price target lowered by analysts at Evercore Inc. from $90.00 to $89.00. They now have an "outperform" rating on the stock.MarketBeat
- Canadian Pacific Kansas City Limited (NYSE: CP) had its price target lowered by analysts at Bank of America Co. from $97.00 to $92.00. They now have a "buy" rating on the stock.MarketBeat
- Canadian Pacific Kansas City Limited (NYSE: CP) had its "hold" rating re-affirmed by analysts at Benchmark Co..MarketBeat
- Canadian Pacific Kansas City Limited (NYSE: CP) had its price target lowered by analysts at Evercore ISI from $90.00 to $89.00. They now have an "outperform" rating on the stock.MarketBeat
CP
Earnings
- 4/24/24 - Beat
CP
Sec Filings
- 4/25/24 - Form 8-K
- 4/24/24 - Form 8-K
- 4/24/24 - Form 10-Q
- CP's page on the SEC website